Plus500 (LSE:PLUS) reported record interim results for the first half of 2026, supported by growth in customer activity and continued expansion of its diversified trading operations. Revenue increased 12% year-on-year to $462.9 million, while Customer Income reached its highest level in five years as the number of active customers rose 10%.
The group maintained disciplined customer acquisition spending during the period while continuing to broaden its operations beyond its traditional OTC business. Revenue from non-OTC activities increased by approximately 30% and now accounts for around 15% of total group revenue. This segment includes the company’s CFTC-regulated prediction markets and futures operations, which have become an increasingly important part of its growth strategy.
Plus500 also continued to develop its OTC offering, expanding its geographic reach and enhancing its 24/5 trading capabilities. The company is increasingly positioning itself as a diversified global trading platform rather than a business dependent on a single product or market.
Shareholder distributions remain a major component of the group’s capital allocation strategy. Plus500 announced $182.5 million of additional returns through a combination of share buybacks and dividends, taking cumulative distributions since its 2013 IPO to approximately $3.1 billion.
Further growth opportunities are being pursued through business-to-business partnerships in North and Latin America, while a recent acquisition in India is expected to broaden the company’s geographic footprint. Management believes these initiatives can support sustainable revenue growth and expects full-year 2026 performance to remain in line with current market expectations.
The wider outlook is supported by strong margins, robust cash conversion and low leverage, alongside management’s confidence in the group’s strategic progress. A moderate price-to-earnings multiple and solid dividend yield provide additional support from a valuation perspective. However, technical indicators remain weaker, with the shares trading below key moving averages and momentum signals continuing to be negative.
More about Plus500
Plus500 is a global multi-asset fintech group operating proprietary technology-based trading platforms across OTC and non-OTC markets. Its activities include CFDs, futures and prediction markets, serving both retail and institutional customers. The company has an expanding presence in the US and offers products including single-stock futures, sports-based prediction contracts and 24/5 trading in stocks and ETFs as it develops a more diversified global financial services platform.
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